The Center said a sweet word to the Jagan government. Andhra Pradesh has released Rs 879.08 crore under Revenue Deficit Grant. The Union Finance Ministry on Monday said it had released Rs 2,637.25 crore to the AP for the current financial year. The Finance Ministry has released Rs 21,550.25 crore to 14 states for the June deficit. It said the grant was released in June on the recommendation of the 15th Finance Commission to cover the post-devolution deficit.
The 15th Finance Commission has projected a revenue deficit of 14 states for the financial year 2022-23 at Rs. 86,201 crores. Recommended to the Center to fill this gap. For the financial year 2022-23 .. Andhra Pradesh revenue deficit of Rs. 10,549 crore. Of this, Rs. 879.08 crores were released.
On the other hand, according to Article 275 of the Constitution, the difference between expenditure and revenue after calculating the share in taxes is known as the revenue deficit. That deficit will have to be filled by the center. The Center has made recommendations for estimating the revenue deficit for these 14 states combined from 2020-21 to 2025-26. To that extent the Center releases a share every month.